Ian Penfold
MMATH FIA
Consultant
London, UK
Ian Penfold is a consultant in Milliman’s London office.
Experience
Ian has significant reserving experience across a number of personal, commercial, and specialist lines of business, with particular interest in casualty and motor. Ian has experience with a diversified range of clientele, including specialty insurers and Lloyds syndicates. Ian joined Milliman’s London P&C team in September 2011.
Professional Designations
- Fellow of the Institute and Faculty of Actuaries (IFoA)
Education
- MMath, University of Bath, 2011
Affiliations
- Ian is a member of the IFoA Climate Change in Reserving Working Party and a contributing author to the 2023 Brian Hey winning paper ‘Reserving for climate change 2023 Working Party Update: Litigation, Wordings and Qualitative Tools.’
Publications
Read their latest work
Article
UK motor insurance profitability: Analysing 2025 market financial results
16 September 2026 - by Charlotte Halkett, Ian Penfold, Joshua Flack
In the UK motor insurance sector, the market softened materially and average premiums fell in 2025, despite continued claims cost pressures.
Article
Analysing 2025 Solvency and Financial Condition Reports (SFCRs) of non-life insurers in the UK and Gibraltar
21 August 2026 - by Veekash Badal, Ian Penfold
We analyse the Solvency and Financial Condition Reports for non-life insurers regulated in the UK or Gibraltar, comparing year-end 2025 and 2024 results.
Article
英国およびジブラルタの損害保険会社のソルベンシーおよび財務状況報告書の分析：2025年末
21 August 2026 - by Veekash Badal, Ian Penfold
英国またはジブラルタの管轄下にある損害保険会社のソルベンシー財務状況報告書を分析し、2025年末と2024年末の結果について比較します。
Article
Extreme weather in Europe
25 March 2026 - by Niccolò Basetti Sani Vettori, Mohamed Benkhalfa, Ada Bowler, Diana Dodu, Ankush Hingorani, Monika Lis, Houssayn Meriche, John Mulvihill, Ian Penfold, Victoria Pointner, Francesco Pugassi, José Silveiro, Menno van Wijk, Laura Witting
The toll of 2025’s extreme weather events across Europe—and steps insurers can take now to reduce the financial risks posed by climate change.
Article
欧州の異常気象：2025年
25 March 2026 - by Niccolò Basetti Sani Vettori, Mohamed Benkhalfa, Ada Bowler, Diana Dodu, Ankush Hingorani, Monika Lis, Houssayn Meriche, John Mulvihill, Ian Penfold, Victoria Pointner, Francesco Pugassi, José Silveiro, Menno van Wijk, Laura Witting
2025年に欧州各地で起きた異常気象の被害全貌と、気候変動がもたらす財務リスクを軽減するために保険会社が今すぐ取るべき対策についてお伝えします。
Article
英国自動車保険の収益性：2024年財務結果の分析
24 September 2025 - by Charlotte Halkett, Ian Penfold, Paige Yallop
英国の自動車保険市場の業績について分析し、同市場の課題に関する知見をお伝えします。
Article
UK motor insurance profitability: Analysing 2024 market financial results
24 September 2025 - by Charlotte Halkett, Ian Penfold, Paige Yallop
We analyse the performance of the UK motor market and share insights on market issues.
Article
The role of MGAs in the UK insurance market
10 September 2025 - by Charlotte Halkett, Ian Penfold, Charlotte Ball
What are Managing General Agents, and why would you want to partner with one?
Article
Extreme weather in Europe in 2024
22 May 2025 - by Anandi Shah, Arije Amara, Niccolò Basetti Sani Vettori, Mohamed Benkhalfa, Diana Dodu, Lucian Franzky, Ankush Hingorani, Ian Penfold, Francesco Pugassi, Antoine Rainaud, José Silveiro, Francesca Tiozzo, Menno van Wijk, Laura Witting, Victoria Pointner
Why 2024 was the “Year of the Flood”—and what insurers can do now to manage climate-related financial risks.
Article
2024年の欧州における極端な気候
22 May 2025 - by Anandi Shah, Arije Amara, Niccolò Basetti Sani Vettori, Mohamed Benkhalfa, Diana Dodu, Lucian Franzky, Ankush Hingorani, Ian Penfold, Francesco Pugassi, Antoine Rainaud, José Silveiro, Francesca Tiozzo, Menno van Wijk, Laura Witting, Victoria Pointner
2024年が「洪水の年」と呼ばれた理由、そして保険会社が気候関連の財務リスクを管理するために今できることは何でしょうか。